A container ship at Balboa, a Panama canal port managed by CK Hutchison. The Hong Kong company has been stripped of the contract. Photograph: Matias DelacroixAPView image in fullscreenA container ship at Balboa, a Panama canal port managed by CK Hutchison. The Hong Kong company has been stripped of the contract. Photograph: Matias DelacroixAPPanama supreme court cancels Hong Kong companys canal contractsPanamas president says strategic waterway will operate as normal after ruling that advances US policy aimsPanamas president said ports at each end of the Panama canal would operate as usual after the countrys supreme court ruled the concession held by a subsidiary of a Chinese company was unconstitutional.The courts decision on Thursday, which helps US attempts to block any Chinese influence over the strategic waterway, immediately drew a sharp rebuke from Beijing.José Raúl Mulino, Panamas president, said on Friday that until the courts ruling was executed maritime officials would work with Panama Ports Company (PPC), a subsidiary of Hong Kongs CK Hutchison, to ensure continuing operations.Once the concession was formally ended, a subsidiary of the Danish logistics company AP Moller-Maersk would operate the ports in a transitional phase until a new concession could be awarded, Mulino said.Panama moves forward, its ports will continue operating without interruption and we will continue serving the world as the logistics centre of excellence that we are, Mulino said in a recorde
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